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PRESS RELEASES Delta Mining Receives Positive
Preliminary Magnetometer News on Its Delcer Buttes
Gold/Copper Property
LEWISBURG, KY -- (MARKET WIRE) -- 03/01/10 -- Delta
Mining & Exploration (PINKSHEETS: DMXC) today announced
promising preliminary geophysics news on the Delcer Buttes
gold/copper property in Elko County, NV.
Gradient Geophysics, Inc. reports that a partial survey
completed with a high-resolution magnetometer shows
"...several significant responses. These responses are
anomalies due to rocks that contain abundant magnetite,
characteristically associated with copper-gold in this
geologic setting. The Delcer Buttes anomalies highlight a
large area which extends northeast to southwest."
Though initially stated as complete, additional data
needs to be compiled to finalize the survey due to weather
and ground conditions. Gradient managed to survey the entire
property, but was only able to pull data from roughly
two-thirds of the property.
It is anticipated that field conditions will improve
later this month so that the remainder of the survey will be
completed and the Induced Polarization ("IP") survey will
commence. Gradient will provide the Company with a color
contour map and an interpretive report prior to initiating
an IP survey. The final report and map will be made
available be made to public via the Company's website.
Gradient is surveying with the GEM system, Overhauser
continuous reading magnetometers. This unit
collects data
every 0.2 to 2.0 seconds with a combined GPS that stores
both the magnetometer and locations in the field.
Gradient has been on the forefront of geophysical data
surveying and interpretation for mineral exploration for
many years. Responsible for over 600 projects throughout the
Americas, Gradient has worked extensively in the mining
sector, conducting large-scale geophysical programs for
major mining companies such as Rio Tinto, BHP, Newmont and
Barrick and for many junior exploration companies. Gradient
focuses on high-resolution magnetometer and high-powered IP
data collection using robust computer modeling methods for
advanced interpretation of mineral deposits.
Delta Mining & Exploration,
www.deltamine.com, is
an emerging exploration company locating mineral and
precious metal deposits in the mining rich regions of North
America. The Company currently owns mineral rights to land
in central Montana as well as the rights to 31 claims on 680
acres in Elko County, Nevada.
(SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS -- The
statements which are not historical facts contained in this
news release are forward-looking statements that involve
certain risks and uncertainties including, but not limited
to, risks associated with the uncertainty of future
financial results, additional financing requirements,
exploration activities, the impact of competitiveness, the
effect of economic conditions and other uncertainties.)
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